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TFI acquires Missouri trucking company D&D

Deal expands US temperature-controlled business

TFI International has acquired Missouri trucking company D&D Sexton in a deal that expands the temperature-controlled trucking business of the Canadian firm’s U.S. carrier CFI.

The acquisition, announced Monday, adds a fleet of over 120 tractors and more than 150 drivers. TFI (NYSE:TFII) did not disclose the price but said D&D had revenues of over $25 million. 

Carthage, Missouri-based D&D will operate within CFI — headquartered in nearby Joplin. It follows a recent reorganization of CFI, which is also folding in key TFI U.S. operations including Transport America, TForce Freight dedicated and MCT. 

Family-owned D&D specializes in refrigerated freight, doing a mix of long-haul, local and shuttle services. The acquisition represents a significant expansion of CFI’s temperature-controlled business, increasing its fleet size by more than 50%.

“D&D is an excellent strategic fit with the organization, culture and business model of our CFI operating company, adding strategic capacity and valuable, long-standing customer relationships to its temperature-controlled business,” TFI CEO Alain Bédard said in a statement. 

D&D amounts to a small acquisition for the Montreal-based company, which has stayed away from major deals since it acquired UPS Freight earlier this year.

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Nate Tabak

Nate Tabak is a Toronto-based journalist and producer who covers cybersecurity and cross-border trucking and logistics for FreightWaves. He spent seven years reporting stories in the Balkans and Eastern Europe as a reporter, producer and editor based in Kosovo. He previously worked at newspapers in the San Francisco Bay Area, including the San Jose Mercury News. He graduated from UC Berkeley, where he studied the history of American policing. Contact Nate at ntabak@freightwaves.com.